Bankrupt crypto exchange FTX, alongside senior executives at the firm and parents of Sam Bankman-Fried, bought at least 19 properties worth $121 million in the Bahamas within the last two years, Reute...
Tag: FTX
FTX Bankruptcy Filing: ‘No Amounts’ Will Be Paid to SBF or His Inner Circle
Former FTX CEO Sam Bankman-Fried was right about one thing: He and his inner circle won’t see any more money from the company. FTX spelled out in a court filing over the weekend that neither Bankman-F...
FTX creditor information to remain confidential, at least for now
A federal judge granted a preliminary request to maintain the anonymity of creditors in the FTX bankruptcy case, but noted that more information on the company’s creditors could become public in...
Who’s Who in the FTX Inner Circle
The downfall of FTX was swift and brutal. In a manner of eight days earlier this month, the crypto exchange – developed as a skunk-work project inside Sam Bankman-Fried’s quant-driven trading shop, Al...
Sam Bankman-Fried attempts to fraud investors affected by FTX
A fake video of Sam Bankman-Fried, the ex-chief executive officer of FTX has been shared on Twitter which later became viral. The video says that the officer is trying to fraud and trick investo...
Bankrupt Crypto Exchange FTX Owes $3,101,348,515 to 50 Largest Creditors
The collapsed crypto exchange FTX owes more than $3.1 billion to its 50 largest creditors, according to a new bankruptcy filing. The new filing indicates the exchange’s largest creditor is owed more t...
Grayscale: Problems after FTX bankruptcy?
It is scary to compare it to the FTX bankruptcy, but Grayscale Bitcoin Trust (GBTC), has recently lost 43% of its value. It is currently consistently trading at a steep discount to the spot Bitcoin pr...
Is There Anyway To Calm Crypto Investors Down?
FTX is known as the “Lehman Moment” in the crypto industry. (Photo Illustration by Michael M. … [+] Santiago/Getty Images) Getty Images The blowup of the politically connected, virtu...
Sam Bankman-Fried stored $300,000,000 after raising funds for FTX in 2021
The ex-chief minister of FTX, Sam Bankman-Fried has raised hundreds of millions of dollars on his own in 2021 after a funding round initiated for the beset crypto exchange platform. In line with the ...
Parents Of FTX Founder Bought $120 Million In Real Estate?
The FTX saga keeps unraveling; new information sheds light on the failed company’s inside operation. Last week, John Ray, the new CEO of the trading venue and the person in charge of its bankruptcy pr...
After FTX Collapse, Binance Faces Fresh Probe In Singapore
Binance Singapore Probe News: In the wake of the FTX meltdown and global regulatory scrutiny, top crypto exchange Binance is under investigation by the Singapore authorities. According to reports, a f...
FTX Co-Founder Sam Bankman-Fried Faces US Extradition, Bankruptcy Court Says Top Execs Won’t Be Compensated – Bitcoin News
According to a report citing three people familiar with the matter, the former FTX CEO Sam Bankman-Fried (SBF) may be extradited to the United States for questioning. After it was alleged that SBF tra...
Bitcoin “Diamond Hands” Have Dumped 84.5k BTC Since FTX Collapse
Data shows the so-called Bitcoin “diamond hands” have shed 84.5k BTC from their holdings since the collapse of crypto exchange FTX. Bitcoin Long-Term Holder Supply Has Sharply Declined Recently Accord...
FTX owes $3B to 50 creditors including Genesis and BlockFi
Listen to this article. Legal filings have revealed that collapsed crypto exchange FTX owes its 50 biggest creditors more than $3 billion — and it could take them years to get even a small portion of ...
FTX Japan Will Allow Withdrawals Sometime in December, Reports State
Following a government directive to suspend customer withdrawals, FTX Japan is working towards resuming such operations by the end of 2022. FTX Japan says that it will resume customer withdrawals by t...
Binance Faces Examination In Singapore Following The Collapse Of FTX
The collapse of FTX crypto exchange is brewing several reactions both within and outside the crypto industry, such as the recent probe on Binance. First, from the sudden meltdown of the firm, an insol...
Bahamas Property Worth $121 Million Acquired by FTX, SBF’s Parents, Report Unveils – Exchanges Bitcoin News
Bankrupt crypto exchange FTX and its founder’s parents have purchased properties for almost $121 million in the Bahamas, according to a media report. Some of these were supposed to be used by the comp...
Lawyers on FTX mess: retrieving investor funds might take many years
Insolvency lawyer warns of long delay in recovery of lost funds. FTX filed for bankruptcy on November 11th. Those who lost funds in the FTX collapse might not get all their money. Recovery costs will ...
What Exchange Absorbed FTX Trading Volume? Report Answers
In the wake of the FTX collapse, formerly the second-largest exchange in the world, its competitors are taking over its trading volume and market share. The nascent sector is still suffering the conse...
FTX ordered to pay reimbursement fees to Bahamian regulators
The bankrupt cryptocurrency exchange FTX’s trouble continues to mount with each passing day, with the latest coming from the Bahamas, once its headquarters. The Supreme Court of Bahamas issued an orde...
Cathie Wood’s Ark Buys $60 Million In Bitcoin, Crypto Stocks After FTX Collapse Even As Analysts Fear Contagion Risk
Topline Though bitcoin prices have plunged to the lowest level in two years, Ark Invest, the investment firm helmed by high-profile stock picker Cathie Wood, has doubled down on the struggling sector ...
FTX ordered to indemnify and reimburse Bahamas for assets safekeeping
Bahamas Supreme Court on Nov. 21 ordered bankrupt crypto exchange FTX to indemnify and reimburse the Securities Commission of Bahamas (SCB) for expenses it will incur while safekeeping its digital ass...
Investigators Need to get Alert After FTX Hacker’s This Move
The infamous hack on beleaguered crypto exchange FTX has got an update recently. The crypto wallet account said to belong to the hacker is reported to have some movements. Given the gap between the ti...
MAS dispels Binance and FTX treatment misconceptions following the latter’s collapse – crypto.news
On November 21st, the Monetary Authority of Singapore (MAS) released a statement addressing a few misconceptions surrounding crypto exchange FTX and Binance. In the statement, MAS stated that they lis...
ETH Plummets 10% in a Week on FTX Drainer Swaps, Where’s the Bottom? (Ethereum Price Analysis)
After a significant crash in the cryptocurrency market due to the FTX bankruptcy, Ethereum’s price has dropped to a decisive support level of $1K. A further decline is expected if the mentioned level ...
Industry expresses confidence in the NFT space amid the FTX collapse
Even before the FTX collapse, nonfungible token (NFT) collections have already felt the impact of the crypto winter, with trading volumes going down by 98%. With the FTX debacle, the once burgeoning s...
South Korea, Singapore, Japan Among the Most Affected Nations In The FTX Storm
South Korea, Singapore and Japan among the Top 3 nations adversely impacted by the FTX crash. Total market capitalization declined, benefiting other major crypto exchanges. Major cryptocurrencies, BT...
Blockchain Analysis Firm Issues Alert, Says Over $60,000,000 in Crypto Stolen From FTX on the Move
Market intelligence firm Chainalysis warns that the bad actor responsible for draining funds from FTX is relocating $60 million worth of crypto assets. Chainalysis issued the alert over the weekend, e...
SBF’s Parents Joined FTX $121M Bahamas Property Splurge: Reuters
Key Takeaways FTX, several of the exchange’s senior executives, and Sam Bankman-Fried’s parents collectively spent $121 million on properties in The Bahamas from 2021 through 2022, accordi...
Lawmakers Urge Fidelity to Drop Bitcoin Retirement Plan After FTX Crash
U.S. Senators today sent another letter to investment giant Fidelity Investments, warning it against offering Bitcoin to its customers following the collapse of crypto exchange FTX. Senators Elizabeth...
JPMorgan Sees a Silver Lining in FTX Collapse
JPMorgan said the FTX collapse could serve to dramatically accelerate cryptocurrency regulation, a belief echoed by other market players. The investment bank detailed the events leading up to the liqu...
Bank of America Quick to Defend Blockchain Technology after FTX Collapse
Join Our Telegram channel to stay up to date on breaking news coverage The collapse of FTX has reduced the confidence of investors in cryptocurrencies. However, the Bank of America (BofA) believes tha...